Pending

6869 Marguerita

Riverside, CA 92506

$1,390,000 $5,860/Mo

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Overview

Bed

Bath

2,793

Sqft

9,148

Sqft(Lot)

Description

ANOTHER INCREDIBLE 4 UNIT GARDEN STYLE PROPERTY ! If you are looking for a beautiful investment property, then this one is for you. This is a once in a lifetime opportunity to buy units that are new construction. Riverside is a Pro Housing city and a great place to invest in multi-family, we love landlords here. You can 1031 exchange yourself out of your current headache in Los Angeles and invest in a city that welcomes new growth and opportunity. All units are vacant. Set your own market rents. Close escrow and rent them out immediately, no work to be done. Most investment properties on the market are old and are in need of major repair with illegal units. There is no deferred maintenance on this property. There are no recorded covenants or restrictions from the city on this property. You can AirBNB or run it as a different business. This property is located on an expansive lot. **The main house in the front is the original home but re-imaged with new kitchen, white shaker cabinets, quartz countertops, remolded bathroom, luxury vinyl flooring, new ducted mini-split a/c and heating system, new roof, new stucco. Very spacious, consisting of 2 bedrooms and 1 bathroom. (Pics of the front unit coming soon). The front yard has been re-soded with new grass. The other 3 units are Brand New Construction, all electric and Solar ready. They consist of 9 ft ceilings, the same beautiful white shaker cabinets, quartz counter tops, luxury vinyl flooring, and all appliances except the refrigerators, black accent finishes throughout, ceiling fans, and separate room for washer/dryer hookups in each unit. This garden style apartment complex is truly something special and rare as you will not find anything compatible on the market today. These homes were built with 2x6 construction something not heard of in California, your tenants will appreciate having lower utility bills due to the extra thick insulated walls, insulated ceilings and roofs. All 3 units offer EV charging which is a true up sale to your potential tenant. You can't find these types of upgrades in any of the units that are being sold today. The owner only pays water. Tenants pay electric, gas, trash, sewer. Riverside is thriving, close to Downtown Riverside, UCR, RCC, Hospitals, Tyler Mall, 91/15 fwys. This property is truly a rarity and a gem and will not last because it is simply One of a Kind !

Property Details

Property Type : Residential Income

Price : $1,390,000

AD Id : 79497395

MLS Id : IV26116704

Lot Size : 9,148 Sqft

Living Area Size : 2,793

Year Built : 1952

County : Riverside

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Property Appliances: Electric Range,Gas Range,Microwave,Water Heater Fireplace: None Flooring: Vinyl
Cooling Features

Central Air Air Conditioning

Heating Source

Central Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1952 Building Area Total: 2,793
Pool Features

None

Laundry Features

Inside,Laundry Room

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.21
Lot Size Source: Assessor Lot Size Square Feet: 9148

Listing Price Information

Original List Price: 1,390,000 Listing Contract Date: 2026-05-22
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 229123010

Other Property Info

Source Listing Status: Pending Source Neighborhood: 252 - Riverside Directions: East of Mary / South of Indiana Source Property Type: Residential Income Area: 252 - Riverside Property SubType: Quadruplex
Building and Construction

Property Age: 74 Common Walls: 1 Common Wall Structure Type: Quadruplex Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: One Building Total Stories: 1

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
3564 Elmwood, Riverside, CA, 92506	$1,100,000	5	2	3,105	3,105 SqFt
3564 Elmwood, Riverside, CA, 92506	$1,100,000	5	4	3,105	3,105 SqFt
4600 Sunnyside Drive, Riverside, CA, 92506	$1,125,000	4	3.5	2,260	2,260 SqFt

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ByOwner last updated this listing 06/12/2026 @ 15:32

MLS: IV26116704 LISTED BY: ROBIN RICHARD, INLAND CITIES REALTY 951-642-3642 SOURCE: CRMLS